Investors Bite

Flour Mills Increases Stake in Rom Oil Mills to 95%

July 17, 2017/NSE Flour Mills of Nigeria Plc. (FMN) Group, the market leader in food and agro-allied products in Nigeria hereby announces an increase in the shareholding of one of our subsidiaries, Rom Oil Limited (ROM), Ibadan, from 90% to 95%. With this development, the Shahimi family collectively own 5% […]

UNILEVER NIGERIA PLC Q2 2017 Results: Initial Impression

July 17, 2017/InvestmentOne Research Q2:2017 results highlight: Strong topline growth buoyed by price increase §  Strong sales performance : up +3.43%q/q; up +47.99% y/y §  Improved Gross margins : expanded by  over +482bps q/q ; +532bps y/y §  PBT  advanced by over c.+4000% y/y to c.N2.8bn on lower base effect […]